News money 2008-07-13 Andanh.com

ASU hires experts for new solar lab
ASU has formed a Solar Power Laboratory to spur the solar industry in Arizona.

Shade trees offered at discount by Trico
Trico Electric Cooperative Inc. is selling desert-tolerant shade trees at a reduced cost to help customers lower their electric bills.

D-M seeking bids on big solar project
D-M is requesting proposals on a solar power system that would produce 1 megabyte.

Government shuts down mortgage lender IndyMac
LOS ANGELES — IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.

Firehouses going green
The fire engines are still red, but the buildings that house them are going green.

Good news and bad news on local home sales
Here are some key figures on the local real estate market from the Tucson Association of Realtors Multiple Listing Service's June report, released Thursday.

Gridlock jams up iPhone activation
SAN FRANCISCO — For many people on Friday, the iPhone was the iCan't.

Mining industry brightening with soaring price of copper
In the midst of a bleak economy and big losses in construction jobs, Arizona's copper star is shining brightly.

Fannie and Freddie are foundering
WASHINGTON — The last thing the Bush White House and the rest of the country needed in these economically trying times was another financial crisis. But they got one.

Economic competition between nations is fiercer
The late and widely adored 20th century comedian Jimmy Durante used a tag line that encapsulates the central theme of an early 21st century look at how the planetwide economic order works.

Kenneth Harney: Congress weighs licensing system
WASHINGTON — Should your mortgage loan officer have fingerprints on file in a national electronic database, even if he or she has never been convicted of a crime?

Ticking noise might be related to valves
Q My car has begun to make a ticking noise from the engine when I first start it, and sometimes the noise continues for almost the whole time I drive it. Does this mean I need a valve job? I've always taken good care of the car, changing the oil.

Sales up for fuel-saving gadgets
NEW YORK — With fuel prices soaring, sales of products designed to boost gas mileage are also rising — even though the government says they're not worth the money.

Debate on oil drilling stalled over argument about location Sun, 13 Jul 2008 00:00:00 MST
Politicians don't agree on where to drill, and if they did, it still wouldn't provide any help to motorists.

Report: Arizona's economy gets gloomier Sun, 13 Jul 2008 00:00:00 MST
High gas prices spurred losses in sales and jobs.

Najafi adds marketing firm to its portfolio Sun, 13 Jul 2008 00:00:00 MST
Fast-growing Phoenix investment firm Najafi Companies is acquiring a major retailer familiar to anyone who has subscribed to an Internet or mail-order CD, DVD or book club.

SBA issued fewer loans in agency's 3rd quarter Sun, 13 Jul 2008 00:00:00 MST
Lending through the U.S. Small Business Administration took a nosedive during the federal agency's fiscal third quarter.

Nation's governors meet under cloud of state budget shortfalls Sun, 13 Jul 2008 00:00:00 MST
Whether the country is in a recession doesn't matter much to the nation's governors, many of whom are presiding over state economies so grim the ''r'' word is old news.

News Corp. is unlikely to take part in Yahoo deal Sun, 13 Jul 2008 00:00:00 MST
News Corp. Chairman Rupert Murdoch said his media conglomerate is ''very unlikely'' to be a part of any deal for Yahoo Inc., scuttling talk that Microsoft Corp. was making headway in enlisting the media mogul as part of a deal to break up the Internet search company.

Judge won't dismiss other Adelphia charges
WILLIAMSPORT, Pa. (AP) -- A federal judge has refused to dismiss charges of conspiracy and tax evasion against the imprisoned founder of Adelphia Communications Corp. and his son, ruling the charges don't amount to double jeopardy....

YRC unit shuffles executives [Kansas City Business News - Local Kansas City News | Kansas City Busin Fri, 11 Jul 2008 17:26:35 -0500
YRC North American Transportation has named Phil Gaines as president of Yellow Transportation and Ken Bowman as senior vice president of finance for YRC North American Transportation, effective immediately.

St. Louis County hires Tenon Consulting to combat pandemics, disasters [St. Louis Business News - Lo Fri, 11 Jul 2008 17:04:57 -0500
In an effort to combat pandemics, bioterrorism and natural disasters, the St. Louis County Department of Health has selected Alpharetta, Ga.-based Tenon Consulting Solutions Inc. to lead a public/private emergency management initiative, the company said Friday.

LABS Inc. to test organ donor eligibility in new St. Louis location [St. Louis Business News - Local Fri, 11 Jul 2008 16:52:23 -0500
Centennial, Colo.-based LABS Inc., which tests and organizes tissue for donor eligibility, will open a new facility in St. Louis, the company said Friday.

Team Financial, ex-director avoid proxy battle [Kansas City Business News - Local Kansas City News | Fri, 11 Jul 2008 16:46:43 -0500
Team Financial Inc. and Keith Edquist said Friday that they have reached a settlement agreement that will avoid a proxy contest at the company's annual shareholders meeting.

Solutia raises price of Skydrol aviation hydraulic fluids [St. Louis Business News - Local St. Louis Fri, 11 Jul 2008 16:36:54 -0500
Solutia Inc. announced Friday a global price increase of up to 30 percent for its full line of Skydrol aviation hydraulic fluids.

NWA, Delta set vote date [Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Fri, 11 Jul 2008 15:51:36 -0500
Delta Air Lines Inc. and Northwest Airlines have set a date for when shareholders can vote to approve a merger of the two carriers. (DAL) (NWA)

State Fair Park makes money, but Mile hampers results [Milwaukee Business News - Local Milwaukee New Fri, 11 Jul 2008 14:57:59 -0500
A report from the state of Wisconsin Legislative Audit Bureau found that State Fair Park in West Allis made money in the 2006-'07 fiscal year for the first time since 1999, but the agency raised concerns about its financial relationship with the operators of the Milwaukee Mile.

KC-area casinos' revenue, customers decrease [Kansas City Business News - Local Kansas City News | K Fri, 11 Jul 2008 14:57:13 -0500
The Kansas City area's four riverboat casinos combined reported lower revenue and customer counts for June compared with last year, the Missouri Gaming Commission said.

Furniture Brands to change corporate structure, move headquarters [St. Louis Business News - Local S Fri, 11 Jul 2008 14:53:19 -0500
Furniture maker Furniture Brands International Inc. said Thursday that it is changing its corporate structure from a holding company to an operating company and will move to a new world headquarters to Clayton. (FBN)

Possible Broadview buyer touts experience [Wichita Business News - Local Wichita News | The Wichita Fri, 11 Jul 2008 14:51:22 -0500
The company seeking to buy the Broadview Hotel says it wants to capitalize on the experience it has gained in renovating other historic properties across the country.

Blunt names new Work Force Investment board members [St. Louis Business News - Local St. Louis News Fri, 11 Jul 2008 14:48:59 -0500
Gov. Matt Blunt announced 10 appointments to six commissions Friday, including the Work Force Investment Board.

Wichita Public Schools, service employees reach tentative contract agreement [Wichita Business News Fri, 11 Jul 2008 14:45:46 -0500
Service Employees International Union Local 513 members will vote July 26 on a tentative two-year contract agreement with the Wichita Public Schools.

Aquila seeks added charge to cover fuel costs [Wichita Business News - Local Wichita News | The Wich Fri, 11 Jul 2008 14:37:25 -0500
Aquila Inc.'s costs for fuel and purchased power have jumped about $14.4 million for one division, prompting the company to seek a fuel-adjustment charge on electric customer bills, the Missouri Public Service Commission said Thursday. (ILA) (GXP)

KU Hospital ranks in top 50 for heart care, surgery [Wichita Business News - Local Wichita News | Th Fri, 11 Jul 2008 14:34:43 -0500
For the second consecutive year, the University of Kansas Hospital has been named among the top 50 U.S. hospitals for cardiac care and heart surgery by U.S. News and World Report.

Harley-Davidson to buy Italian motorcycle maker [Wichita Business News - Local Wichita News | The Wi Fri, 11 Jul 2008 14:29:27 -0500
Looking to capitalize on growing sales of motorcycles in Europe, Harley-Davidson Inc. said Friday that it has agreed to buy Italian motorcycle manufacturer MV Agusta Group in a deal valued at $109 million.

Anheuser-Busch, InBev start friendly talks over increased offer of $50B [Wichita Business News - Loc Fri, 11 Jul 2008 14:25:31 -0500
Anheuser-Busch's board is poised to accept an increased takeover offer from InBev, which boosted its offer by $5 to $70 a share in an effort to seal a friendly deal and create the world's largest brewer, the Wall Street Journal and New York Times reported Friday. (BUD)

GE reports flat second-quarter earnings [Wichita Business News - Local Wichita News | The Wichita Bu Fri, 11 Jul 2008 14:23:46 -0500
A day after General Electric Co. announced that it intends to seek options for spinning off its Louisville-based Consumer and Industrial division, the company announced Friday that its second-quarter earnings were flat while revenue increased. (GE)

Murdoch: News Corp. unlikely to be part of Yahoo deal [Wichita Business News - Local Wichita News | Fri, 11 Jul 2008 14:21:43 -0500
News Corp. is "very unlikely" to be a part of any deal for Yahoo Inc., according to Rupert Murdoch, chairman of the media conglomerate. (YHOO) (MSFT) (TWX) (NWSA)

Wingnuts to auction Beauchamp's uniform [Wichita Business News - Local Wichita News | The Wichita Bu Fri, 11 Jul 2008 14:18:13 -0500
Wichita Wingnuts manager Kash Beauchamp, whose animated ejection from Wednesday's 5-2 victory over the Sioux Falls Canaries found its way to ESPN the next day, will be interviewed on Inside Edition Friday evening.

SoupMan sets up shop in downtown Minneapolis [Minneapolis Business News - Local Minneapolis News | T Fri, 11 Jul 2008 14:14:49 -0500
Soup for you! The Original SoupMan restaurant -- of Seinfeld fame -- has set up shop in downtown Minneapolis.

La Crosse contractor wins $23M in defense work [Milwaukee Business News - Local Milwaukee News | The Fri, 11 Jul 2008 13:57:05 -0500
TCI Architects/Engineers/Contractors, of La Crosse, has won a $23.3 million contract from the U.S. Army Corps of Engineers to design and build a U.S. Armed Forces Reserve Center in Niagara Falls, N.Y.

Kansas City Council refers light-rail ordinance to committee [Kansas City Business News - Local Kans Fri, 11 Jul 2008 13:51:53 -0500
An effort to put a light-rail sales tax issue before voters in the fall remains in the station after the Kansas City Council on Thursday referred the issue to a council committee.

Business Journal spotlights 51 local businesswomen [Minneapolis Business News - Local Minneapolis Ne Fri, 11 Jul 2008 13:22:15 -0500
The Carlson Cos.' Marilyn Carlson Nelson, Jan McDaniel of the Red Cross and retailer Kristen Kowalski are among 51 women honored by the Minneapolis/St. Paul Business Journal in the paper's 11th annual Women in Business publication.

Coors buildings transferred to MillerCoors [Milwaukee Business News - Local Milwaukee News | The Bus Fri, 11 Jul 2008 13:21:53 -0500
Some Denver-area buildings owned by Coors Brewing Co. have been transferred to MillerCoors LLC as part of the creation of a joint venture between Molson Coors Brewing Co. and SABMiller plc. (TAP)

MillerCoors signs marketing deal with ski resorts [Milwaukee Business News - Local Milwaukee News | Fri, 11 Jul 2008 13:15:39 -0500
MillerCoors LLC has reached a joint marketing deal with Colorado's Copper Mountain and Winter Park ski resorts that includes event sponsorship and promotional use of the resorts' logos by the brewer.

Supervalu's Pamela Knous leads list of top-paid women execs in Minnesota [Minneapolis Business News Fri, 11 Jul 2008 12:26:28 -0500
Pamela Knous, the executive vice president and chief financial officer at Supervalu Inc., is the highest-paid woman executive among public Minnesota companies, according to a report released today in the Minneapolis-St. Paul Business Journal. (SVU)

Milwaukee hospitals on 'top hospitals' list [Milwaukee Business News - Local Milwaukee News | The Bu Fri, 11 Jul 2008 12:12:02 -0500
Two Milwaukee-area hospitals have been included among the nation's top 50 hospitals by U.S. News & World Report's annual "America's Best Hospitals" list, which will be released Monday.

Public utilities commission chair retires [Minneapolis Business News - Local Minneapolis News | The Fri, 11 Jul 2008 12:04:22 -0500
LeRoy Koppendrayer has stepped down from his post as chair of the Minnesota Public Utilities Commission (PUC).

YRC unit cuts transit times with new routes [Kansas City Business News - Local Kansas City News | Ka Fri, 11 Jul 2008 12:03:53 -0500
YRC North American Transportation is cutting transit times in more than 30,000 routes as part of service enhancements at three of the YRC Worldwide Inc. unit's operating companies.

Mid-America Regional Council launches new Smart Moves Web site [Kansas City Business News - Local Ka Fri, 11 Jul 2008 11:57:58 -0500
The Mid-America Regional Council has launched a newly revised Smart Moves Web site.

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